Serbia's Real Net Wage Slightly up on Year in July

Figures

Serbia's average net wage rose by a real 0.2% year-on-year in July, following a 2.1% annual increase in June, the Belgrade-based Serbian Statistical Office(SORS) said on Monday.

On a monthly comparison basis, the average net wage went down by 2.5% in real terms in July, after declining by 1.5% in June. In nominal terms, the average net wage totaled RSD 73,114 (EUR 624) in June.

Compared to the same month last year, average gross salaries and wages increased by 13.0% to RSD 100,937 (EUR 860.60) in nominal terms in July.

The median net salaries and wages in July amounted to RSD 56,000 (EUR 477.50), meaning that 50% of employees realized wages and salaries up to the mentioned amount.

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